V Wealth Advisors LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,942 shares of the computer hardware maker’s stock after purchasing an additional 1,002 shares during the period. NVIDIA accounts for about 1.8% of V Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. V Wealth Advisors LLC’s holdings in NVIDIA were worth $9,428,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of NVDA. Norges Bank bought a new stake in NVIDIA in the fourth quarter valued at approximately $3,900,874,000. Moneta Group Investment Advisors LLC increased its stake in shares of NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares during the period. Jennison Associates LLC increased its stake in shares of NVIDIA by 34.8% during the fourth quarter. Jennison Associates LLC now owns 23,299,291 shares of the computer hardware maker’s stock worth $3,404,958,000 after purchasing an additional 6,013,647 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of NVIDIA by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,956,988 shares of the computer hardware maker’s stock worth $8,323,694,000 after purchasing an additional 5,043,685 shares during the period. Finally, Morgan Stanley increased its stake in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.
NVIDIA Stock Performance
NVDA stock opened at $446.12 on Tuesday. The stock has a 50-day moving average price of $403.55 and a 200-day moving average price of $296.55. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $480.88. The company has a current ratio of 3.43, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.10 trillion, a PE ratio of 232.36, a price-to-earnings-growth ratio of 5.11 and a beta of 1.74.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. NVIDIA had a return on equity of 23.63% and a net margin of 18.52%. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period in the previous year, the company posted $1.18 EPS. The firm’s revenue was down 13.2% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Co. will post 6.43 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 8th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, June 7th. NVIDIA’s payout ratio is 8.33%.
Analyst Upgrades and Downgrades
NVDA has been the topic of a number of recent research reports. Sanford C. Bernstein increased their target price on NVIDIA from $300.00 to $475.00 in a research note on Thursday, May 25th. BMO Capital Markets increased their target price on NVIDIA from $350.00 to $450.00 in a research note on Thursday, May 25th. Deutsche Bank Aktiengesellschaft increased their price target on NVIDIA from $220.00 to $390.00 in a research report on Thursday, May 25th. Daiwa Capital Markets raised NVIDIA from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $408.00 to $475.00 in a research report on Thursday, June 29th. Finally, Robert W. Baird raised NVIDIA from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $300.00 to $475.00 in a research report on Thursday, May 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $425.00.
Insider Activity at NVIDIA
In related news, EVP Debora Shoquist sold 23,084 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $305.00, for a total value of $7,040,620.00. Following the completion of the sale, the executive vice president now directly owns 139,860 shares of the company’s stock, valued at approximately $42,657,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 40,000 shares of NVIDIA stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $432.06, for a total transaction of $17,282,400.00. Following the completion of the transaction, the director now owns 1,052,286 shares in the company, valued at approximately $454,650,689.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Debora Shoquist sold 23,084 shares of NVIDIA stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $305.00, for a total value of $7,040,620.00. Following the transaction, the executive vice president now owns 139,860 shares of the company’s stock, valued at approximately $42,657,300. The disclosure for this sale can be found here. Insiders sold 368,271 shares of company stock valued at $147,115,953 in the last three months. Corporate insiders own 3.99% of the company’s stock.
About NVIDIA
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
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